Hindalco Plans $10 Billion Global Investment by FY30

Hindalco Industries, the metals arm of the Aditya Birla Group, will invest $10 billion worldwide between FY25 and FY30. Chairman Kumar Mangalam Birla announced the plan at the company’s 66th AGM. The investments will span aluminium, copper, and speciality alumina operations in India and through its US subsidiary, Novelis.

Major Projects in India

In FY25, Hindalco began projects worth ₹18,000 crore, its highest annual capital spend in nearly a decade. Key developments include:

• Expansion of the Aditya aluminium smelter by 1.8 lakh tonnes and an additional 3.6 lakh tonnes at Mahan.
• Construction of a new greenfield alumina refinery with 8.5 lakh tonne capacity.
• A 3 lakh tonne copper smelter expansion at Dahej, Gujarat, is making it the world’s largest copper smelting complex outside China.

The company has also been allocated the 12 million-tonne Meenakshi coal mine to secure energy needs and maintain its position as a low-cost producer.

Downstream and Recycling Growth

Hindalco is aiming for a four-fold rise in EBITDA by FY30 compared to FY24. This will be driven by value-added aluminium, copper, and recycling businesses. Key initiatives include:

• A new copper tube plant ais lready operational.
• India’s first and the world’s second-largest e-waste and copper recycling facility is under construction at Pakhajan.

Novelis’s Global Push

Novelis, Hindalco’s US subsidiary, is moving ahead with a $4.1 billion project at Bay Minette, Alabama, set to begin operations in 2026. With ongoing expansions, Novelis’ capacity will reach 5 million tonnes annually.

The company is also pursuing its 3×30 vision: increasing recycled content from 63% to 75%, reducing carbon footprint, and maintaining strong financial returns. A new automotive recycling centre in Kentucky and projects for aluminium battery enclosures, e-cycle components, and battery foil plants are also part of this global strategy.

Focus on Sustainability

Hindalco continues to push green initiatives, such as India’s first hybrid renewable-powered aluminium smelter project in Odisha, combining solar, wind, and storage. Waste repurposing and circular economy practices are also being adopted.

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Dividend Announcement

The board recommended a dividend of ₹5 per share for FY25, reflecting shareholder value creation alongside growth investments.

Conclusion

Hindalco’s $10 billion global investment plan highlights its ambition to strengthen aluminium, copper, and recycling capacities while ensuring sustainability. With major projects in India and Novelis’s global push, the company is set to become a leader in green metals and value-added solutions, driving long-term growth and shareholder value.

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